More Good News for PPP Borrowers: Simplified Loan Forgiveness Applications

Rincker LawBusiness/Commercial Law Leave a Comment

On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act (the Flexibility Act) into law, after lawmakers passed it almost unanimously. The original Payment Protection Program (PPP)—a key component of the Coronavirus Aid, Relief, and Economic Security Act signed in March—and the accompanying guidance issued by the Small Business Administration (SBA) and the Department of the Treasury, …

Share this Article

Navigating Periods of Uncertainty and Unrest as a Business Owner

Rincker LawBusiness/Commercial Law Leave a Comment

Uncertainty and unrest have defined 2020. From COVID-19 and record-breaking unemployment to ideological, political, and societal conflicts, business owners have faced significant challenges to their survival and success. Regardless of their current political views or health and financial statuses, business leaders agree that they must navigate this time with care. The decisions that business owners make during difficult periods could …

Share this Article

Key Considerations for Managing a Remote Workforce

Rincker LawBusiness/Commercial Law, Employment and Labor Law Leave a Comment

The post-COVID-19 world will likely see a major shift toward companies maintaining remote workforces. Due to government-mandated business closures and stay-home orders, many owners and employees of small businesses have been forced to work virtually, and they have seen the benefits. Studies show that remote working increases productivity.[1] Large technology companies like Facebook and Twitter have announced that they will …

Share this Article

Good News for PPP Borrowers: The New Paycheck Protection Program Flexibility Act of 2020

Rincker LawBusiness/Commercial Law Leave a Comment

The landmark COVID-19 stimulus package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, has been a significant tool for assisting struggling small businesses during the current international pandemic. However, the centerpiece of this legislation, the Paycheck Protection Plan (PPP), has been a source of confusion and frustration for many business owners seeking this aid. In an attempt to alleviate …

Share this Article

Ask Kym: What are Force Majeure Clauses?

Rincker LawBusiness/Commercial Law Leave a Comment

You may have heard the term “force majeure” being discussed a lot with regard to parties fulfilling their contractual obligations in light of Coronavirus.  Businesses and individuals, alike, are wondering whether force majeure contract clauses will actually hold-up in the face of the Coronavirus pandemic. Many businesses rely on their force majeure clauses regarding “acts of God,” when they have …

Share this Article

4 Things Business Owners Can Do to Be Too Legit to Quit

Rincker LawBusiness/Commercial Law Leave a Comment

Today’s topic is for fellow entrepreneurs on how to get your corporate formality “ducks in a row” — or what I call becoming too legit to quit! While in quarantine, with extra time available, it’s a great opportunity to assess and improve areas of your operations.  Get started by first conducting a corporate formalities check-up:  Operating agreement: Do you have …

Share this Article

Retirement Updates Amid COVID-19

Rincker LawBusiness/Commercial Law, Family/Matrimonial Law Leave a Comment

On May 4, 2020, the Internal Revenue Service (IRS) published questions and answers regarding retirement provisions in Section 2202 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In addition to providing aid for individuals and businesses, the CARES Act increases accessibility to funds and loans from certain retirement plans and accounts. The information the IRS recently published clarifies …

Share this Article

How to Reopen Your Business After COVID-19

Rincker LawBusiness/Commercial Law Leave a Comment

Despite the uncertainty that has accompanied the COVID-19 pandemic and that still lies ahead, one thing remains certain: Most businesses will eventually reopen. On April 16, 2020, President Trump set forth guidelines for the reopening of businesses in the United States. Additionally, governors from various states continue to roll back statewide stay-home orders in the hopes of restarting economies that …

Share this Article

Ask Cari: Force Majeure Clauses in Light of COVID-19

Rincker LawBusiness/Commercial Law Leave a Comment

Businesses across the globe have experienced unprecedented interruptions and closures because of the COVID-19 pandemic. As a result, many businesses are finding it difficult to perform their contractual obligations. Consequently,  a common but often overlooked contractual clause is in the limelight: the force majeure clause. Contrary to popular belief, the mere existence of a force majeure clause does not invalidate …

Share this Article

How You Can Keep Customer Data Safe

Rincker LawBusiness/Commercial Law Leave a Comment

In today’s data-driven world, small businesses often find themselves in possession of sensitive customer data. As the collection of data increases, customers grow more suspicious of the means and methods used to collect and store data. In response to this growing concern, we are seeing increased legislation pertaining to the collection, storage, and distribution of data. Laws like the California …

Share this Article

Ask Cari: Does Your Website Need a Privacy Policy or Terms of Use?

Rincker LawBusiness/Commercial Law, Food & Ag Law Leave a Comment

Conversations about data privacy policies and website terms of use have become more common in recent months. Large companies like Facebook,[1] Expedia,[2] and Dick’s Sporting Goods[3] have been involved in litigation involving agreements that address these very issues. The questions on most business owners’ minds are “What are these agreements?” and “Do I need them on my website?” Privacy policies …

Share this Article

Ask Cari: How to Choose the Right Business Lawyer

Rincker LawBusiness/Commercial Law Leave a Comment

A skilled attorney is a critical part of any business owner’s advisory team. Business attorneys are equipped to assist you in handling a variety of tasks that can protect you from potential legal and business pitfalls, in addition to solving existing legal issues. As important as they are to your team, finding the right business attorney may be challenging if …

Share this Article